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Lebanon’s Financial Meltdown: Currency Plunges 80%, Huge Losses at Central Bank, IMF Bailout Stalled
29.6.2020
The financial crisis in Lebanon has seen its currency, the Lebanese pound, fall 80%. The International Monetary Fund (IMF) has estimated that the country’s central bank has accumulated losses as much as 170 trillion pounds. The disagreement between the Lebanese government and the central bank...
The Future Is Now: Why Tokenized Assets Are Necessary for Our Global Market
27.6.2020
Leaders in many parts of the financial industry are evaluating the potential of tokenized assets to change how we viewContinue Reading
The post The Future Is Now: Why Tokenized Assets Are Necessary for Our Global Market appeared first on CoinMarketCap Blog
Digital Currency Might be a Win-Win for Governments & Protesters Alike
25.6.2020
Thanks to smaller processing fees and quickened fiscal response in crisis situations, the digital dollar could save the American taxpayers billions of dollars for sending and processing stimulus checks, argues Forbes contributor Roger Huang. Furthermore, it would legitimize and increase...
Bitcoin Must Be Tied to Commodities Basket to Be Currency - Steve Hanke
24.6.2020
Bitcoin (BTC) is not a currency, and to be one it needs to be tied to a basket of commodities, says Steve H. Hanke, a Professor of Applied Economics at the Johns Hopkins University and a prominent expert on hyperinflation.
Hanke warned against investing in this asset.
"Bitcoin is a highly...
Forget Bitcoin’s Volatility, BoA Says Unstable UK Pound Like an Emerging Market Currency
24.6.2020
Bitcoin is often criticized for its volatility – now analysts are saying that, and more, about the pound sterling
World’s Oldest Central Bank Reviews Possible Digital Currency With Mixed Results
24.6.2020
Sweden's Riksbank has looked into the viability of central bank digital currencies for its local market
Ethereum Network Fees Jump Above Bitcoin Transaction Fees for Two Weeks Straight
24.6.2020
This week digital currency enthusiasts have been discussing network fees, specifically transaction fees associated with the Bitcoin and Ethereum blockchains. Last Sunday on June 21, one Ethereum proponent noted that during the last 16 days, Ethereum users have paid more to leverage the network than...
Digital Yuan’s Backend Development Complete, Says Chinese Official
22.6.2020
A former senior official of the People’s Bank of China said that the country has completed the backend architecture development of its digital currency
Italian Banks Are Ready to Trial a Digital Euro
22.6.2020
The Italian Banking Association announced last week that its banks were interested in piloting a digital euro
Hundreds of Sites Now Earn Crypto Trading Fees: Exchange WordPress Plugin Sees 300 Active Installs
21.6.2020
A couple of months ago, a new WordPress (WP) plugin launched that allows anyone to host a digital currency trading platform. With the application, WP website owners can earn fees from various crypto asset trades. The developer of the plugin called “Wpcryptoexchange” tweeted on June...
Thai Central Bank Taps Cement Company for First Digital Currency Payments
20.6.2020
The Bank of Thailand is integrating a CBDC payments system into the financials of the country’s oldest cement company in an extension of its Inthanon project
New York Fed’s ‘Bitcoin Is Just Another Fiat’ Claim Sparks Controversy
19.6.2020
Economists at the New York Federal Reserve think Bitcoin is a fiat currency. Nic Carter thinks the New York Fed is "insane."
Singapore to Explore Central Bank Digital Currency With China
19.6.2020
Singapore’s central bank is looking to join forces with China in exploring central bank digital currencies
Bank of Thailand Launches Digital Currency Pilot Project
19.6.2020
The Bank of Thailand launched a project to pilot test its CBDC payment system with the largest building material provider in the country
Bitcoin Games Launches Midsummer Promotion as Sweden Looks Toward Launching its Own Digital Currency
19.6.2020
The premier cryptocurrency gaming portal, Bitcoin Games has announced the launch of a Midsummer promotion that promises Free Spins and loads of entertainment. For well over, five years now Bitcoin Games has been the go-to destination for all your gaming needs and our brand new promotion –...
Infosec Exec Urges US Lawmakers to Tighten Crypto Regs Over Pandemic-Driven Scams
18.6.2020
Cryptocurrencies should be regulated more stringently, a VMWare security executive told U.S. lawmakers, citing a rise in cybercrime during the pandemic
Bitcoin is a Sovereign Currency and Much Ahead of Resilience & Robustness— “Antifragile”
17.6.2020
Bitcoin is seen lacking momentum for quite some time now, while alts like Verge and VeChain have enticed a new cluster of investors due to their startling momentum over the past 1 week. BTC recently tested support around $8.95k but rebounded instantly to reclaim $9.5k while currently trades...
Canada’s Central Bank Is Serious About Designing a CBDC, Job Posting Reveals
16.6.2020
The Bank of Canada is preparing to design its own central bank digital currency (CDBC), detailing its plans in a new job posting
Crypto 101: How to Send and Receive Bitcoin Cash Via the Bitcoin.com Wallet
16.6.2020
During the last few months in the midst of the coronavirus outbreak and faltering global economy, many individuals have shown an interest in bitcoin and other cryptocurrencies. However, oftentimes people can find the process a bit daunting because they are not used to using crypto assets and have...
OKEx Taps Paxful to Provide New Fiat-to-Crypto Onramps
15.6.2020
OKEx is partnering with Paxful, adding more than 160 fiat currency onramps to its crypto exchange business